Bitcoin, Ethereum teknisk analys: ETH faller under $1,300 Efter måndagens False Breakout

Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 i skrivande stund.

Bitcoin

Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s three-week high.

Following a peak of $17,371.00 att starta veckan, BTC/USD fell to an intraday low of $16,922.43 tidigare på dagen.

This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.

BTC/USD – Dagligt diagram

Tittar på diagrammet, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.

När jag skrev, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.

Should a breakout occur, it is likely that BTC will move back towards the $17,400 point in upcoming days.

Ethereum

Ethereum (ETH) was also in the red during Tuesday’s session, as a result of a failed breakout to start the week.

ETH/USD fell to a bottom of $1,252.47 tidigare på dagen, which comes as bulls were unable to sustain a surge above the $1,300 märke.

När jag skrev, ETH handlas för närvarande på $1,264.00, which is nearly 3% lower than Monday’s peak of $1,302.24.

ETH/USD – Dagligt diagram

Like with bitcoin, today’s decline in ethereum comes as the RSI moved below its ceiling at the 52.00 level.

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För närvarande, the index is at a reading of 50.18, with the world’s second largest cryptocurrency trading at $1,263.60.

The 10-day (red) moving average continues to hover above its 25-day (blue) counterpart, which typically is a sign of pending bullish sentiment.

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Taggar i denna berättelse

Will we see ethereum rebound in upcoming days? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. För närvarande, he acts as a commentator across various asset classes, including Crypto, Aktier och valuta.




Bildkrediter: Shutterstock, Pixabay, Wiki Commons

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